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France's OVHcloud tops Q3 sales forecast on US growth, shares jump

Channel News Asia LogoChannel News Asia4d ago

France's OVHcloud tops Q3 sales forecast on US growth, shares jump - Channel News Asia

Quick Summary:

:French cloud services provider OVHcloud reported third quarter revenue ahead of market expectations on Thursday, driven by strong demand from U.S.tech companies.

WHY IT'S IMPORTANTOVHcloud seeks to gain global market share by offering a better price-to-performance ratio than larger, U.S.

The OVH shares jumped as much as 15.9 per cent in early trading, and were up 11.4 per cent at 0947 GMT, on track for their biggest daily rise on record if gains hold.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-27 @ 14:15:07 (4 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 322 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21401406

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 39 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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